Saturday, January 28, 2017

Other key indicators include the January ISM manufacturing and non-manufacturing indexes, and January auto sales.

The FOMC meets on Tuesday and Wednesday, and no change to policy is expected.

----- Monday, Jan 30th -----

8:30 AM: Personal Income and Outlays for December. The consensus is for a 0.4% increase in personal income, and for a 0.5% increase in personal spending. And for the Core PCE price index to increase 0.2%.

10:00 AM: Pending Home Sales Index for December. The consensus is for a 0.6% increase in the index.

10:30 AM: Dallas Fed Survey of Manufacturing Activity for January. This is the last of the regional Fed surveys for January.

----- Tuesday, Jan 31st-----

9:00 AM ET: S&P/Case-Shiller House Price Index for November. Although this is the November report, it is really a 3 month average of September, October and November prices.

This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the October 2016 report (the Composite 20 was started in January 2000).

The consensus is for a 5.0% year-over-year increase in the Comp 20 index for November. The Zillow forecast is for the National Index to increase 5.6% year-over-year in November.

9:45 AM: Chicago Purchasing Managers Index for January. The consensus is for a reading of 55.2, up from 54.6 in December.